Boussard & Gavaudan Investment Management LLP Makes New $5.55 Million Investment in Envestnet, Inc. (NYSE:ENV)

Boussard & Gavaudan Investment Management LLP purchased a new position in shares of Envestnet, Inc. (NYSE:ENV - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 88,628 shares of the business services provider's stock, valued at approximately $5,546,000. Boussard & Gavaudan Investment Management LLP owned about 0.16% of Envestnet as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Envestnet by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,039,402 shares of the business services provider's stock valued at $65,057,000 after buying an additional 73,751 shares in the last quarter. Geneva Capital Management LLC grew its stake in Envestnet by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 863,398 shares of the business services provider's stock valued at $54,066,000 after buying an additional 4,042 shares in the last quarter. Engaged Capital LLC grew its stake in Envestnet by 479.8% in the 2nd quarter. Engaged Capital LLC now owns 692,483 shares of the business services provider's stock valued at $43,343,000 after buying an additional 573,049 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Envestnet by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 554,309 shares of the business services provider's stock valued at $34,711,000 after buying an additional 7,607 shares in the last quarter. Finally, Alpine Associates Management Inc. purchased a new position in Envestnet in the 3rd quarter valued at approximately $25,205,000.

Envestnet Stock Performance

NYSE:ENV remained flat at $63.14 during trading hours on Thursday. The stock has a fifty day moving average of $62.80 and a 200-day moving average of $63.06. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.07. Envestnet, Inc. has a 1-year low of $36.43 and a 1-year high of $73.04. The firm has a market capitalization of $3.49 billion, a PE ratio of -13.24 and a beta of 1.25.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ENV. DA Davidson reiterated a "neutral" rating and issued a $63.00 price objective on shares of Envestnet in a research note on Wednesday, September 18th. StockNews.com assumed coverage on shares of Envestnet in a report on Thursday. They issued a "sell" rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Envestnet has an average rating of "Hold" and a consensus price target of $61.88.

About Envestnet

Envestnet, Inc, through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.